Comdata(R) Processing Systems, Inc. Enters Into Agreement with Discover Financial Services.BRENTWOOD, Tenn. -- Comdata([R]) Processing Systems, Inc. announces it has entered into a merchant acquiring agreement with Discover Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. (NYSE NYSE See: New York Stock Exchange : DFS (Distributed File System) An enhancement to Windows NT/2000 and 95/98 that allows files scattered across multiple servers to be treated as a single group. With Dfs, a network administrator can build a hierarchical file system that spans the organization's LANs and ). Comdata Processing Systems' integrated processing solutions for its merchants will now include Discover Network card transactions. By adding Discover Network card acceptance to its suite of processing solutions, Comdata Processing Systems will provide an additional revenue stream for its sales channels, thus creating an additional competitive advantage. Comdata merchants will not only have a single-source payment solution but also a single monthly merchant statement as well as one financial settlement through Comdata's merchant accounting system. Comdata is expected to begin processing Discover Network transactions in the second quarter of 2008. "The addition of the Discover Network to our suite of payment processing solutions will heighten height·en v. height·ened, height·en·ing, height·ens v.tr. 1. To raise or increase the quantity or degree of; intensify. 2. To make high or higher; raise. v.intr. Comdata's position in the marketplace as a leading full-service issuer and processor of payment cards, including point-of-sale transactions," said Rod Katzfey, Comdata senior vice president and general manager. "Comdata's ability to authorize, settle and fund all card payment transaction types, including Discover, through a single point of connectivity will result in decreased costs, improved service, and seamless integration An addition of a new application, routine or device that works smoothly with the existing system. It implies that the new feature or program can be installed and used without problems. Contrast with "transparent," which implies that there is no discernible change after installation. of expanded payment options." "Our agreement with Comdata is another example of how Discover is broadening acceptance of Discover Network cards while increasing the momentum Discover Network has been gaining within the merchant acquiring community," said Matt Johanson, vice president of acquirer relations for Discover Financial Services. "Comdata will provide their sales channels with an improved product offering, their merchants with a streamlined, integrated processing package, and all Discover Network cardholders the opportunity to use their preferred payment option at more merchant locations." About Comdata Corporation Comdata([R]) Corporation is redefining the movement of money and information through innovative payment solutions. Comdata provides custom solutions for a wide range of industries such as transportation, retail, government services, aviation, construction, service businesses, restaurants and hospitality. Innovative electronic payment solutions range from credit and debit cards debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. , fleet, fuel, payroll, purchasing and T&E. Comdata's platforms support both its proprietary and branded card networks. Headquartered in Brentwood, Tennessee Brentwood is a city in Williamson County, Tennessee, United States. The population was 23,445 as of the U.S. Census Bureau's 2000 census, and as of 2007, Brentwood's population has increased to over 30,000. Brentwood is an affluent Nashville suburb. , Comdata employs more than 1,100 people. www.comdata.com About Ceridian Ceridian Corp. is a business services company that helps its customers maximize the power of their people, lower their costs and focus on what they do best. The company's suite of innovative managed human resource solutions includes payroll and compensation, employee benefits administration, staffing, compliance, HR administration and Employee Assistance Programs (EAP (Extensible Authentication Protocol) A protocol that acts as a framework and transport for other authentication protocols. EAP uses its own start and end messages, but then carries any number of third-party messages between the client (supplicant) and access control ), work-life and health and productivity solutions. Ceridian serves businesses and employees in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Canada and Europe. For more information about the human resource outsourcing company's comprehensive array of solutions, visit www.ceridian.com or call (800) 729-7655. Through its Comdata and Stored Value Solutions (SVS SVS - OS/VS2 ) subsidiaries, Ceridian is a major payment processor and issuer of credit cards, debit cards and stored value cards, primarily for the trucking and retail industries in the United States. www.ceridian.com About Discover Financial Services Discover Financial Services (NYSE: DFS) is a leading credit card issuer and electronic payment services Electronic Payment Services (Chinese: 易辦事), commonly known as EPS, is the largest electronic payment system in Hong Kong, Macau and Shenzhen starting from 1985. The service is provided by EPS Company (Hong Kong) Limited. company with one of the most recognized brands in U.S. financial services. The company operates the Discover Card, America's cash rewards pioneer. Since its inception in 1986, the company has become one of the largest card issuers in the United States. Its payments businesses consist of the Discover Network, with millions of merchant and cash access locations, and PULSE, one of the nation's leading ATM/debit networks. Discover also operates the Goldfish credit card business in the United Kingdom. www.discoverfinancial.com. |
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